70A-9a-331 - Priority of rights of purchasers of instruments, documents, and securities under other chapters -- Priority of interests in financial assets and security entitlements under Chapter 8, Uni - Utah Statutes

State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-09a > 70a-9a-331

70A-9a-331. Priority of rights of purchasers of instruments, documents, andsecurities under other chapters -- Priority of interests in financial assets and securityentitlements under Chapter 8, Uniform Commercial Code -- Investment Securities.
(1) This chapter does not limit the rights of a holder in due course of a negotiableinstrument, a holder to which a negotiable document of title has been duly negotiated, or aprotected purchaser of a security. These holders or purchasers take priority over an earliersecurity interest, even if perfected, to the extent provided in Chapters 3, Uniform CommercialCode - Negotiable Instruments, 7a, Uniform Commercial Code - Documents of Title, and 8,Uniform Commercial Code - Investment Securities.
(2) This chapter does not limit the rights of or impose liability on a person to the extentthat the person is protected against the assertion of a claim under Chapter 8, UniformCommercial Code - Investment Securities.
(3) Filing under this chapter does not constitute notice of a claim or defense to theholders, or purchasers, or persons described in Subsections (1) and (2).

Amended by Chapter 42, 2006 General Session

State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-09a > 70a-9a-331

70A-9a-331. Priority of rights of purchasers of instruments, documents, andsecurities under other chapters -- Priority of interests in financial assets and securityentitlements under Chapter 8, Uniform Commercial Code -- Investment Securities.
(1) This chapter does not limit the rights of a holder in due course of a negotiableinstrument, a holder to which a negotiable document of title has been duly negotiated, or aprotected purchaser of a security. These holders or purchasers take priority over an earliersecurity interest, even if perfected, to the extent provided in Chapters 3, Uniform CommercialCode - Negotiable Instruments, 7a, Uniform Commercial Code - Documents of Title, and 8,Uniform Commercial Code - Investment Securities.
(2) This chapter does not limit the rights of or impose liability on a person to the extentthat the person is protected against the assertion of a claim under Chapter 8, UniformCommercial Code - Investment Securities.
(3) Filing under this chapter does not constitute notice of a claim or defense to theholders, or purchasers, or persons described in Subsections (1) and (2).

Amended by Chapter 42, 2006 General Session

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-09a > 70a-9a-331

70A-9a-331. Priority of rights of purchasers of instruments, documents, andsecurities under other chapters -- Priority of interests in financial assets and securityentitlements under Chapter 8, Uniform Commercial Code -- Investment Securities.
(1) This chapter does not limit the rights of a holder in due course of a negotiableinstrument, a holder to which a negotiable document of title has been duly negotiated, or aprotected purchaser of a security. These holders or purchasers take priority over an earliersecurity interest, even if perfected, to the extent provided in Chapters 3, Uniform CommercialCode - Negotiable Instruments, 7a, Uniform Commercial Code - Documents of Title, and 8,Uniform Commercial Code - Investment Securities.
(2) This chapter does not limit the rights of or impose liability on a person to the extentthat the person is protected against the assertion of a claim under Chapter 8, UniformCommercial Code - Investment Securities.
(3) Filing under this chapter does not constitute notice of a claim or defense to theholders, or purchasers, or persons described in Subsections (1) and (2).

Amended by Chapter 42, 2006 General Session